--/1 Question 8 View Policies Current Attempt in Progress Fultz Company has accumulated the following budget data for the year 2020. 1. Sales: 31,450 units, unit selling price $85. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $13 per hour, and manufacturing overhead $6 per direct labor hour. 3. Inventories (raw materials only): beginning, 10,290 pounds; ending, 15,250 pounds. 4. Selling and administrative expenses: $170,000; interest expense: $30,000. 5. Income taxes: 30% of income before income taxes. 2. (a) Prepare a schedule showing the computation of cost of goods sold for 2020. FULTZ COMPANY Computation of Cost of Goods Sold December 31, 2020 Cost of ol For the Year Ending December 31, 2020 For the Quarter Ending December 31, 2020 Direct Mauro Direct labor Manufacturing overhead Total $ Cost of Goods Sold